Italian style agency Salvatore Ferragamo extends progress streak in Q3


Salvatore Ferragamo, an Italian luxurious items firm, has reported a 33.9 per cent revenues progress to €785.3 million within the third quarter (Q3) of FY21 ended on September 30, 2021, in comparison with the revenues of €586.7 million in the identical interval of final fiscal. Internet revenue in the course of the nine-month interval rose to €39.8 million (Q3 FY20: loss €96.0 million).

 

Salvatore Ferragamo, an Italian luxurious items firm, has reported a 33.9 per cent revenues progress to €785.3 million within the third quarter (Q3) of FY21 ended on September 30, 2021, in comparison with the revenues of €586.7 million in the identical interval of final fiscal. Internet revenue in the course of the nine-month interval rose to €39.8 million (Q3 FY20: loss €96.0 million).

The group’s retail distribution channel achieved a 37.2 per cent hike in revenues to €570.5 million (€415.9 million), with progress throughout China, North America, Latin America and Korea area which exceeded the pre-COVID revenues stage. Furthermore, wholesale channel recorded a 27.1 per cent bounce in revenues to €208.1 million (€163.7 million).

 

Salvatore Ferragamo, an Italian luxurious items firm, has reported a 33.9 per cent revenues progress to €785.3 million within the third quarter (Q3) of FY21 ended on September 30, 2021, in comparison with the revenues of €586.7 million in the identical interval of final fiscal. Internet revenue in the course of the nine-month interval rose to €39.8 million (Q3 FY20: loss €96.0 million).

By geography, Asia Pacific got here out as the most important market throughout Q3 with gross sales of $309.9 million, up 22.7 per cent over the third quarter of 2020. Europe recorded a 16.8 per cent gross sales rise to $151.6 million, whereas North American gross sales accelerated by 85.1 per cent to $218.0 million. Gross sales from Japan marginally grew by 4.9 per cent to $61.8 million, and Central and South America gross sales went up 59.3 per cent to $43.8 million.

 

Salvatore Ferragamo, an Italian luxurious items firm, has reported a 33.9 per cent revenues progress to €785.3 million within the third quarter (Q3) of FY21 ended on September 30, 2021, in comparison with the revenues of €586.7 million in the identical interval of final fiscal. Internet revenue in the course of the nine-month interval rose to €39.8 million (Q3 FY20: loss €96.0 million).

Throughout Q3 FY21, Italian style firm’s gross revenue improved to $531.7 million ($359.5 million), whereas working revenue surged to $84.5 million (loss: $69.1 million).

Fibre2Fashion Information Desk (JL)

Source link